New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-27

:. ,o,c. mar contracts the decline stcppcu
and buyers without limits had to pay advanced prices
ma arst raid and rally followed by ano'her rad'
h,ch did reduce the figures TO those OF 'ne
0r.t half hour Now considering that there Is only ono
.-oan,yas marty In tho market, only one party
hb "a applying force and the methods OF stock spceu
lat,op only one party engaged In the mamp"a"o" "
news and rumors. To make the marKe, 20 is why, -
harrison of todays lowest figures with those az winch 'e
bears sold stock by bushcl last Monday ana tues
dav ia interesting II instructive In every insianoo
the frat figures named tho lowest OF To-
dav and the last the lowest OF last "ecA'
Canada Southern 52-50i2. Central OF New-Jo'sey
es-674, Chicago and Northwestern llo%-ilo, d.
Paul 7s ex.ayiiend OF Gig per cent 1914 Omaha 4oe-
8oss Delaware, Lacxawanna and Western l2o4-l234'
Take shore o2l4-ooas Louisville aud Nashville 55a4-
5s Missouri Kansas and Texas 224-2li2, Missouri
Pacific 9o-s9s., Erie 23ie-27. New-Yorx ana new
England 35364. Norfolk aud Western preferred oe4i
80 Northern Pacific preferred AZ 2-4sh Phiiaao'ph
and Reading 57-55s. Richmond AMI West foiht "a
poll Uison Pacific 5la-5o Western Union 12'e-'o4'
ana Pacific Mail siia-32lt Last Monday night the
market closed weak at about the lowest figures OF inc
day and sold lower Tuesday. Since then IL mas mao
sharp recovery OF from to per cent ioo"ou ny no
reaction which seems to have cumina'ea az
noon today II IS true that there Is
little activity in the market except when inc
shear element makes 1t; but Is equally trae that
to sell there absence Of offerings which
noticed by every and is particularly notea by
Where all the stocks are the conundrum Oh 'e street.
Whether an operator has been dealing on the long or
short sde for more than month past he has peen
ealing in contracts put ont by bears" and not in
real certificates Borrowed certificates make the clear
,pce. To-day it was Pacific Mail that first exhibited
spy strength hut 1t is absurd 10 suppose that move
ieaIs should have any influence upon the genefa as
let The stock sold up from 3ils 10 3sssU3o'4.
e is probably true that there has been =. q
sree private sale of the stock whereby there
viii be complete change in tho control ana MANAGE,
ment the company Except that ~ may oe ss
bending combinations. the transfer would attract little
what Of more Importance the fact that the money
il over and that prospects of heavy exports OF
wheat and flour during the next four months nave Vastly
Improved The latest adyices concerning the tuopsn
cTnns make heavy declarations from earlier estimates
Asiwe Co. of London who for four mohtns nJe
sent nothing but bearish reports on wheat to-day cae
sc soows From latest reports of 1887 wheat crop u
is evident will need TO import at least
- tr1e by latest reports OF the continental
crops let SPECTATORS keep their hand on on ah h
sunply and legitimate demand The power OF sentiment
IS Wei Illustrated by few examples Last year ~ .s
time Western Union with no dividend in sight was se
Ing at S4la asd ia November sold a: sob; now when
the company earning per cent per snn ,n 5 rrro
he, sold at IOO5s when the company is earring
over per cent IL drops TO 92d9l NORTHWESTERN WHICH
wear ago was selling at 8. when s earnings for
;se arst onarter OF its fiscal year shew an increase IN
gross earnings of over 100000 Oh ngnres whieh ss
year returned nearly ~ peS cent on ooaa IiSIS and
there Iie Gg,sston that the quantity OF mna.ins
s5ss uaen reduced from "a ra rre for large
dyauce in the stock market TO which added the pres
OF large and aggressive short @ 0y on
Tie "shors" brilliant movement Is required To-day
the market closed strong without leadership: o.
State bonds were neglected; Tennessee settlemehS os
sod at CO. which price ia per cent lower than tnat OF
the previous sale. There were no TRANSACTIONS III
G;oyernment bonds were dull with quotations I'M
changed, which were as follows: